Anadarko gets zippy in the Eagle Ford

Like other companies operating in the Eagle Ford Shale region, the Woodlands-based Anadarko Petroleum appears to be in the race to drill the fastest wells.

The company, which has 400,000 acres in Dimmit, La Salle, Maverick and Webb counties, recently had its fourth quarter call with analysts. Executives said that by the end of 2012, it was taking Anadarko 9.2 days to drill a well. That’s a 26 percent improvement from the year prior.

Eagle Ford highlights from the call:

Anadarko had a 93 percent increase in sales volume last year.

It’s increased production more than 100 percent per year for the last four years.

The company plans 2,500 more Eagle Ford wells.

Anadarko says it 250 core wells each have an estimated 600,000 barrels of recoverable oil and gas, with a “high liquid composition.”

The average cost of its wells dropped almost one-third over the last year.

You can find the transcript of the company’s call with analysts here on Seeking Alpha.